Tekcapital Signs Agreement With Emprende UP To Expand Services In Peru

LONDON (Alliance News) - Tekcapital PLC on Tuesday said it has signed a strategic alliance ...

Alliance News 2 April, 2019 | 10:13AM
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LONDON (Alliance News) - Tekcapital PLC on Tuesday said it has signed a strategic alliance agreement with Emprende UP to provide technology transfer services in Peru.

Tekcapital is the AIM-listed company, which invests in new, university-developed intellectual properties to make it easy for organisations to commercialise university-developed technology.

Emprende UP is a platform of Universidad del Pacifico, which is Peru's leading business school. Through Emprende UP, the university has been securing seed funding and providing assistance to a large number of start-up companies nationwide, Tekcapital noted.

"The directors of Tekcapital believe Peru is a rapidly growing market for the company's technology investment and commercialisation services," said Tekcapital Executive Chair Clifford Gross.

"Our strategic alliance with Tekcapital will change the intellectual property landscape for universities and entrepreneurs in Peru," added Javier Salinas, director of Emprende UP.

Tekcapital shares were trading 8.0% higher on Tuesday at 6.75 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Tekcapital PLC 14.25 GBX -5.00 -

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